Common use of Payments and Benefits Upon Employment Termination After a Change in Control Clause in Contracts

Payments and Benefits Upon Employment Termination After a Change in Control. If within two years after a Change in Control (as defined below), the Company terminates the Executive’s employment other than for Cause, or the Executive voluntarily terminates his employment for Good Reason, the Company will provide the following payments and benefits to the Executive, in lieu of those payments and benefits provided under Sections 5(c) or (d) above, but in addition to the amounts payable under Section 5(a) above:

Appears in 2 contracts

Samples: Employment Agreement of John Riconosciuto (Smurfit Stone Container Corp), Employment Agreement (Smurfit Stone Container Corp)

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Payments and Benefits Upon Employment Termination After a Change in Control. If within two years after a Change in Control (as defined below), the Company terminates the Executive’s 's employment other than for Cause, or the Executive voluntarily terminates his employment for Good Reason, the Company will provide the following payments and benefits to the Executive, in lieu of those payments and benefits provided under Sections 5(c) or (d) above, but in addition to the amounts payable under Section 5(a) above:

Appears in 2 contracts

Samples: Employment Agreement (Smurfit Stone Container Corp), Employment Agreement (Smurfit Stone Container Corp)

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